714 DUNDAS STREET, London East (East G), Ontario, N5W2Z4

Property Description

Unit 1Two Bed Rent: $1,450/m. Unit 2 One Bed Rent: $1,440/m. Unit 3 One Bed Rent: $1,400/m. Unit 4 One Bed Rent: $1450/m. Cash cow or Development potential. Prime Investment Opportunity at 714 & 720 Dundas St, London, ON! These side-by-side lots, feature a 4-plex and an 8-plex, delivering a robust 7.37% cap rate with a Net Operating Income of $125,354. Perfect for investors seeking strong cash flow or developers eyeing redevelopment potential, these properties are strategically located on vibrant Dundas Street, a key corridor with access to City of London CIP grants, including Development Charge exemptions and Tax Increment Equivalent Grants. Zoned for potential high-density residential or mixed-use projects, the combined lots offer flexibility for immediate rental income or future development. Don't miss this rare chance to acquire a high-yield, value-add asset in a growing market contact us today for financials and development details! Properties must be sold together. (id:64974)

Quick Facts

• Property Type: Fourplex
• Bedrooms: 5 (5 above)
• Bathrooms: 4
• Attached: Yes
• Parking: 10 spaces (No Garage)
• Frontage: 38 ft (11.6 m)

Costs

• Annual Taxes: $3,225.00

Listing Provided by: THE AGENCY REAL ESTATE
Board: London and St. Thomas Association of REALTORS®
Data provided via CREA DDF®.